Is it just me having a payout amount being 5% of was it was 5 days ago for the last 2 days? From 0.00025 to 0.00001… That doesn’t make any sense… difficulty went up 5% and BTC price pretty much remained the same.

Anyone else?

Glad I didn’t buy into their new offering… lol

Does anyone know what pool they and SP use? Its likely that they hit a dryspell and their luck dropped below 100%

Possible, but they’re lifetime contracts so “in theory” the payout shouldn’t drop by 95% within 3 days if diff and btc remains roughly stable.

Opened a ticket, will update if they get back to me.

Huh? These are 2 different topics of conversation. The 1yr contracts being out of stock would have nothing to do with the diff and exchange rate. Like I said, they may have pulled them while they upgrade hardware, its also possible that the issue with the payouts is tied to the reduction in fees and someone borking some code. Let us know what support says.

They said it was diff related, maintenance is in USD and diff increase ate the mere payout I had.

On the other hand, they are investigating why my contract says $0.02 / GH / day which is about 13X what it should be. Since there’s no way to see the payout breakdown there’s just no way for me to know just how much maintenance I pay.

Not sure if it really is diff related or just that my contract is setup badly, ticket still open.

Of course its for new contracts, Thats what @ATCkit meant . They can’t and won’t retroactively drop the price per GHS, as for the fee, I think they do lower the maintenance fee across the board rather than sticking people with an older fee for the “lifetime” of their contract.

There is no place to even check what fees are being paid that I can find…
That said, I’m renting a bunch of 5 TH rigs and pointing them all to different pools as a comparison.
0.0097 BTC payout in 24hrs on 5TH is a joke but I have no data to back it up yet

alienesb:

Is there anything you won’t argue about?

I also wonder this, but it takes all types to make the world work

-Edit-
Sometimes meaning also gets lost in written word that would otherwise be less argumentative if spoken in person

0.0097 BTC payout in 24hrs on 5TH is a joke but I have no data to back it up yet

With 5TH of power each in the past 1 1/2 hours:
0.00249859 BTC on F2 Pool
0.00322758 BTC on Slush

I don’t think I need anywhere close to 24 hrs worth of data to determine Genesis must either be mining on a crap pool or be both stealing our money up front and pocketing the difference of daily mining revenue they should be paying to their users

With 5TH of power each in the past 1 1/2 hours:0.00249859 BTC on F2 Pool0.00322758 BTC on Slush

I don’t think I need anywhere close to 24 hrs worth of data to determine Genesis must either be mining on a crap pool or be both stealing our money up front and pocketing the difference of daily mining revenue they should be paying to their users

Yeah, you need longer than 24 hours. If you understand how mining works then you need at least a few days of data to come to a conclusion.
As @brainiac posted, someone at GM may have either intentionally or otherwise increased the fee taken from earnings. Before they said they were dropping the fee DMTs account was earning what it should be, its only after that the earnings look a bit low. So either someone at GM Fd up or whatever pool SP is using is on a bad run.

Edit: I double checked the earnings with GM against the sheet I have to estimate earnings for DMT and its spot on.
For DMT at least, GM isn’t shorting us any BTC. I have the sheet setup to tell me what the current daily earnings and fee are and the net after fees are accounted for.

I think anyone who knows how mining works doesn’t need a few days to conclude

I hope your joking. If your not, then you have no idea how to gather and analyze data to come to a conclusion, I thought you would know how to do that. Because mining is basically like rolling dice, you need more than a few blocks worth of income to conclude anything.

I saw them as a worthwhile investment for the lifetime contracts, it seemed like they drop the fee for everyone the last time they reduced it, to me its worth investing in mining with a company that is actively managing their hardware and reducing costs where they can. Since I had a few years to figure things out, I have figured out how/when to invest in mining so as to maximize profits, the only clue I will give is the quote from Warrent Buffett that I have been known to throw around :).